Goals and Objectives
As a Fiduciary Committee, the principal purpose of the Audit Committee (the "Committee") is to assist the Town Council (the "Council") in fulfilling its responsibility to oversee management's conduct of the Town's financial reporting process. In carrying out its charge from the Council, the Committee provides oversight of the annual audited financial statements of the Town, the independent audit firm's qualifications and independence, the performance of the independent audit firm, and the Town's accounting and financial reporting practices and internal control systems.
In discharging its oversight role, the Committee has written and adopted an Audit Committee Charter which describes the work of the Committee for each year, including 2010-2011. Audit Committee Charter.
The Committee's recommendations and actions will align with the annual budgets and overall strategic plan of the Town.